Core Viewpoint - Xiaopeng Motors aims to become the first company globally to mass-produce advanced humanoid robots by the end of the year, with a focus on integrating automotive-grade reliability and AI capabilities [1][12][14]. Group 1: Robot Development and Market Position - The new generation of IRON robots will initially be deployed in guiding and shopping scenarios, with an SDK available for global developers [1][12]. - Xiaopeng's IRON robot features a second-generation VLA model and three Turing AI chips, enabling integrated high-level intelligent capabilities such as conversation and walking [2][10]. - The company’s stock performance has shown a significant increase, reaching a market capitalization of HKD 212 billion, driven largely by the anticipated success of the IRON robot [3][5]. Group 2: Competitive Landscape and Challenges - Xiaopeng's approach to robotics emphasizes a combination of automotive-grade standards and integrated intelligence, distinguishing it from competitors like Yushun and Zhiyuan, which focus on different aspects of robotics [2][15]. - The company faces challenges in commercializing its robots, as competitors have already established a presence in the performance and rental markets [6][9]. - The IRON robot's primary applications will be in Xiaopeng's own production and retail environments, which may limit its scalability compared to competitors targeting broader B2B markets [9][10]. Group 3: Strategic Vision and Future Goals - Xiaopeng Motors is transitioning from being an automotive manufacturer to a technology company focused on advanced AI applications, including robots and flying cars [10][12]. - The company aims to leverage its technological advancements to capture significant market opportunities in autonomous driving and AI by 2026 [12][13]. - Xiaopeng's ambition is to redefine mass production standards in the robotics industry, shifting the focus from quantity to quality and reliability [14][15].

电子 2026 年 02 月 24 日 行业动态跟踪报告 AI 动态跟踪系列（十六）春晚机器人表演从预设程序走向自主决策 强于大市（维持） 行情走势图 证券分析师 杨钟 投资咨询资格编号 S1060525080001 y angzhong035@pingan.com.cn 徐碧云 投资咨询资格编号 S1060523070002 XUBIYUN372@pingan.com.cn 事项： 马年除夕夜，松延动力、宇树科技、魔法原子和银河通用等机器人公司纷纷登 上央视春晚，炫酷表演成为马年春晚舞台上全场亮点。 平安观点： 行 业 报 告 行 业 动 态 跟 踪 报 告 证 券 研 究 报 告 宇树春晚机器人马年秀出"赛博真功夫"， 集群武术表演成焦点。宇树科 技作为春晚机器人合作伙伴第三次登台亮相，携 G1 与 H2 人形机器人献 上全球首次全自主人形机器人集群武术表演《武 BOT》，演示了翻跟头、 舞棍、跑跳空翻、舞剑等武术特技动作，突破运动性能极限，刷新多个全 球第一次，包括全球第一次连续花式翻桌跑酷、全球第一次弹射空翻等。 其核心亮点在于全自主集群控制技术的首次亮相，同时实现了全球范围内 第一次集群快速跑位，其 ...

Group 1 - The core message of the conference is to accelerate the construction of Hubei as a strategic support point for the rise of the central region, focusing on innovation, industrial upgrades, and enhancing the quality of life for residents [1][30] - The conference emphasized the importance of innovation in building a modern industrial system, granting scientists greater authority over technology direction, funding allocation, and resource management [3][5] - Hubei aims to upgrade its advanced manufacturing sector and establish a clear path for high-quality industrial development, targeting the creation of new enterprises valued at hundreds of billions [7][9] Group 2 - The conference highlighted the need to strengthen domestic demand, particularly in county-level consumption, to enhance the local economy and improve consumer experiences [11][13] - A focus on regional collaboration was established, particularly in the "Golden Triangle" of Hubei, to enhance integration in industries, transportation, healthcare, and education [13][16] - Infrastructure improvements in the Jianghan Plain were outlined to address water and transportation shortages, which are critical for agricultural and industrial development [16][19] Group 3 - The conference outlined significant investments in transportation infrastructure, including high-speed rail, highways, and water transport, to enhance connectivity and support economic growth [18][22] - Reform initiatives were introduced to stimulate development and activate market vitality, emphasizing the role of innovation and reform in driving economic progress [24][26] - Hubei's foreign trade is set to expand, with a goal to reach a trillion yuan in exports, positioning the province as a leader in central China's open economy [26][28] Group 4 - The conference prioritized improving residents' livelihoods by focusing on income growth and employment opportunities, particularly for key demographics such as graduates and migrant workers [28][29] - The seven signals released during the conference encompass various sectors including technology, industry, and public welfare, serving as a roadmap for Hubei's strategic development [30]

距团队正式组建扩张仅半年，无界动力已在技术研发和商业化等方面取得了多项关键进展。在算法模型 层面，无界动力坚持投入具身智能关键技术创新，系统性构建长期技术壁垒。为持续突破操作智能在动 态物理世界完成高复杂任务的性能上限和泛化性的提升，无界动力构建了内嵌隐式世界模型的端到端多 模态大模型，通过数据驱动的高维表征内化环境动态与物理规律，使机器人不仅具备持续进化的3D感 知理解、历史记忆建模、未来环境变化预测和细腻动作生成的能力，也同时构建和提升反思、纠错等高 阶能力，实现系统层级性能和鲁棒性的显著提升。目前，该模型已在工业装配、柔性物体操作、清洁整 理等多项任务上实现泛化性与成功率的同步突破，获多家客户认可。 2026年是"十五五规划"开局之年，是"人工智能+"为代表的新质生产力全面发力的一年。全球正处于百 年未有之大变局，以AI为代表的新一轮科技革命正在重塑全球产业格局，具身智能、大模型、智能网 联等前沿技术加速突破，为全球经济增长注入新动能，为企业发展和财富增长提供新机遇。 近日，通用具身智能机器人公司无界动力宣布完成超2亿元天使+轮融资，老股东红杉中国、线性资 本、高瓴创投、华业天成、中金资本旗下基金、BV ...

（编辑 王雪儿） 证券日报网讯 2月24日，格力博在互动平台回答投资者提问时表示，机器人奇妙夜亮相的机器狗并非我 司产品，与公司无关。公司在具身智能领域确有前瞻性布局，但相关规划与该展品不存在任何关联。公 司始终坚守"成熟一代、推广一代"原则，待技术与市场条件完备后，再推进相关智能产品的商业化落 地，后续进展将按规及时披露。 ...

Core Viewpoint - The company Xinsida (002527) has signed a comprehensive cooperation agreement with Alibaba Cloud to integrate their technological advantages in robotics, large models, and cloud computing, aiming to advance embodied intelligent cloud training, simulation testing, and distributed deployment [1] Group 1 - On September 24, 2025, during the China International Industrial Expo, Xinsida will officially showcase its collaboration with Alibaba Cloud [1] - The partnership focuses on leveraging both companies' strengths in robotics and cloud technology [1] - The initiative aims to enhance capabilities in intelligent cloud training and simulation testing [1]

这只是中国具身机器人热潮的缩影之一。当下，中国机器人企业正加速技术攻坚与场景落地，行业正面 临深刻变革。 2月24日，2026年春节后首个交易日，机器人概念表现活跃。截至收盘，新锦动力20CM涨停，瑞可达 涨近17%，润泽科技涨超13%，风华高科、天润工业等涨10%。 | 代码 | 名称 | 涨幅%V | 现价 | | --- | --- | --- | --- | | 920305 | *ST云创 | +29.97% | 9.15 | | 300157 | 新锦动力 | +20.07% | 6.76 | | 688800 | 瑞可达 | +16.63% | 94.00 | | 300442 | 润泽科技 | +13.46% | 86.80 | | 300223 | 北京君正 | +12.19% | 136.68 | | 301560 | 众捷汽车 | +11.07% | 40.74 | | 002283 | 天润工业 | +10.05% | 10.07 | | 603466 | 风语筑 | +10.02% | 12.85 | | 000636 | 风华高科 | +10.01% | 23.40 | | 600 ...

Group 1 - The core viewpoint of the news is that Zhifang, a general intelligent robotics company, has completed a Series B financing round exceeding 1 billion RMB, achieving a valuation of over 10 billion RMB, and has become the fastest-growing embodied intelligence enterprise globally in terms of financing pace [1] - The Series B financing attracted a prestigious lineup of investors, including Baidu's strategic investment, CRRC Capital, Guotai Junan Securities, and deep participation from Tesla's ecosystem leaders and local funds, indicating a "capital + industry" dual-driven investment model [1] - The funds raised will be primarily used for the development of the GOVLA (Global & Omni-body Vision-Language-Action) embodied large model capabilities and to drive the iteration and production line expansion of the AlphaBot series of robotic products [1] Group 2 - Zhifang has experienced a financing explosion period entering 2025, completing multiple rounds of financing in the hundreds of millions within six months, including Pre-A and A rounds with participation from various investment firms [2] - Founded in April 2023 by Guo Yandong, Zhifang focuses on the general intelligent robotics sector, aiming to be a global leader in R&D, production, and service provision of general intelligent robots, leveraging its self-developed embodied large model [2] - The core technology asset of Zhifang is the GOVLA large model, which features a dual-system architecture that balances decision-making rationality and execution efficiency, enabling seamless integration of visual perception, natural language understanding, and action generation [2]

实际上，自成立以来，千寻智能多次获得资本青睐，截至本次两轮融资官宣前，千寻智能累计融资已超 10亿元。 2月24日，具身智能企业千寻智能（Spirit AI）正式官宣，公司近期已连续完成两轮融资，累计金额近 20亿元。此次融资创下2026年以来具身智能领域融资总额新高，也推动千寻智能估值突破百亿大关。 本次两轮融资的投资方阵容覆盖多元资本阵营。其中，既有红杉资本、混沌投资、云锋基金等顶级财务 资本积极参投，也有Synstellation Capital、TCL创投、明荟投资等产业资本深度参与，同时吸引了某头 部国资机构、重庆产业投资母基金、杭州金投等国有资本鼎力加持，360基金、厚雪资本等财务机构也 同步跟进。 此外，顺为资本、Prosperity7、达晨财智、柏睿资本、弘晖基金、华泰紫金、东方嘉富、千乘资本、广 发信德等老股东全部选择继续大额认购。 公开信息显示，千寻智能成立于2024年1月，是一家专注于构建机器人"通用大脑"的具身智能企业，聚 焦视觉-语言-动作（VLA）技术路线，致力于打造世界级通用人形机器人和下一代具身大模型与学习算 法。 其主要产品可分为两大核心板块，一是具身基础模型，2026年1月 ...

传统产业具有量大面广、产业链长的特征，支撑着我国经济的基本盘。创新正在成为我国传统产业转型 升级的主要驱动力：一是要善用"人工智能+"为行业赋能，在上一轮企业数字化转型基础上，加快人工 智能等技术改造升级，向传统产业要成效。二是要开拓全球新市场，鼓励更多行业"有组织走出去"，沿 着"一带一路"国家和地区开拓新的市场，将有品质、有品牌的中国制造产品带到更多地方，塑造全球竞 争力标杆。新兴产业和未来产业是未来中国经济增长的活跃力量，创新本就是新兴产业和未来产业的底 色。新兴产业蓄势而发，紧抓新兴增长点的爆发，努力"未来 10 年将再造一个中国高技术产业"。未来 产业多元技术路线并进，颠覆性技术迸发，量子科技、生物制造、氢能和核聚变能、脑机接口、具身智 能、第六代移动通信等赛道的选择和竞逐正在成为全球焦点，也将为我国贡献爆发性的万亿级新赛道。 （作者系中国电子信息产业发展研究院未来产业研究中心副所长） （文章来源：人民网） 面向"十五五"，中国经济新动能将主要依靠创新驱动。一方面，创新驱动的经济增长方式意味着彻底改 变我国传统依赖要素投入的"输血"方式，转向持续"造血"方式。随着中国经济规模和质量的提升，靠不 断增 ...